Nicaragua: III Economic Report 2013

The economy grew by 4.6% in 2013, driven by private consumption, exports and government spending.

Friday, April 4, 2014

The greater optimism envisioned by entrepreneurs for the future of the economy validates the results achieved in 2013, according to the Economic Situation report by the Foundation for Economic and Social Development (Funides).

Funides report:

The economy grew for the third consecutive year at high rates. In 2013 it grew by 4.6 percent, although with a degree of slowdown in the second half.

On the supply side the main contributors to growth were industry, forestry, fishing and mining and construction. On the demand side indicators suggest that growth was driven by private consumption,
exports and government spending. Private investment lost momentum and grew very little.

More on this topic

El Salvador: Excessive Government Spending

December 2014

The National Foundation for Development is predicting better economic performance in 2015 driven by FOMILENIO projects but warns of the need to adjust public spending.

From a statement issued by the National Development Foundation (FADE):

In 2014 the low growth in economic activity persisted.

El Salvador: Present and Economic Outlook

December 2012

FUNDE agrees with other analyzes in forecasting weak growth for the Salvadoran economy, both for this year and for 2013.

The National Foundation for Development (Funde) has presented its report entitled "Balance of the economy in 2012 and fiscal outlook for 2013".

2012 has been a year of very fragile economic recovery, which is characterized by a closure with a growth which could be located at around 1.3%.

Industry Balance 2012 in El Salvador

December 2012

Salvadoran industrialists have asked for the establishment of a long-term strategic agenda for the nation, in an environment of legal stability and respect for institutions.

A statement from the Salvadoran Association of Industrialists (ASI) reads:

The Salvadoran Association of Industrialists (ASI) has unveiled a balance on the performance of the manufacturing industry in 2012, which contains a breakdown of the different productive sectors.

Nicaragua as Seen by the IMF in May 2012

May 2012

The Nicaraguan economy has recovered strongly supported by high export prices and a reasonable macroeconomic policy.

A statement from the International Monetary Fund (IMF) reads:

Mr. Marcello Estevao, Head of IMF Mission to Nicaragua, made the following statement:

"The Nicaraguan economy has recovered strongly from the global financial crisis of 2008-09.

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